Modi's Visit to Boost Canadian Investment in India

By Super
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Toronto, April 15 (IANS) Prime Minister Narendra Modi's visit will give a huge boost to Canadian investment in India, says Excel Funds, which is the largest Canadian Mutual Fund geared towards India.

    Indian-origin Bhim D. Asdhir, who is the president and CEO of Excel Fund, says the visit of the Indian prime minister will set a new milestone in India-Canada investment relations.

    Modi's Visit to Boost Canadian Investment in India
     

    "As the world's fastest growing economy, India is firing on all cylinders and has become attractive to foreign investors," says Asdhir who has just returned from a business trip to India.

    "Since assuming office last May, Modi has been instrumental in influencing significant investments from several major countries, among them the US, Japan, China and France. Canada is expected to follow suit," he says.

    He says the new institutional and regulatory reforms coupled with a strong currency will spell boon for India in the coming years.

    Pointing to the huge success of Excel India Fund as an indication of Canadian investors' huge interest in India, he says, "We anticipate that Prime Minister Modi's visit will raise awareness of India as one of the best investment destinations."

    According to Asdhir, India's large highly educated labor force, and a growing, upwardly mobile middle class increase "its desirability as an investment destination".

    The Excel India Fund is managed by Birla Sun Life Asset Management Company Limited in India.

    Read more about: investment
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more